Category: BASF

Dear members of the Executive Board and Supervisory Board,
Dear shareholders,

Thank you for the opportunity to speak. I would like to begin by saying that I have been attending BASF’s AGMs online over time. However, I felt it was important to be here in person today, because I have increasingly sensed that the voices and lived experiences of affected communities in your supply chains are not always fully heard.

I am speaking today not as an investor, but as someone from a mining-affected community, and from my own lived experience over the past 37 years. Weiterlesen

Regarding agenda item 2: Appropriation of profit

The Association of Ethical Shareholders Germany proposes that the appropriation of profit proposed by the Board of Executive Directors and the Supervisory Board be rejected.

Rationale:

The proposed dividend is too high and can be justified neither economically nor socially. BASF must invest significantly more in its own sites in order to create viable future prospects – particularly at the Ludwigshafen site, but also in Berlin and along the supply chains – to consistently reduce its dependence on increasingly expensive fossil energy sources and to be able to achieve its climate targets.

Instead of the proposed distribution of a dividend of almost €2 billion, a significantly smaller portion should be paid out, with the remaining amount used to strengthen the company’s financial base and to finance future-oriented investments. Weiterlesen

Good afternoon, Members of the Board, dear shareholders.

I am Gomotsegang Brown Matloko, I am from Wonderkop community in Marikana. I am speaking to you directly from South Africa, on the effectiveness or better: the lack of effectiveness of BASF’s human rights and environmental due diligence measures within its supply chain.

BASF rightly emphasizes its commitment to sustainability and responsible sourcing. These commitments are laudable on paper. However, the true measure of commitment and responsibility lies not in policy documents, but in tangible outcomes on the ground. Concerning the sourcing of platinum from Sibanye-Stillwater in South Africa, we see a significant and persistent gap between stated intentions and reality. Weiterlesen

Regarding agenda item 2: Appropriation of profit

The Association of Ethical Shareholders Germany proposes that the appropriation of profit proposed by the Board of Executive Directors and the Supervisory Board be rejected.

Rationale:

The dividend is too high. BASF must invest significantly more in its own sites in order to create prospects for the future – especially at the Ludwigshafen site – in order to consistently move away from dependence on climate-damaging energies and achieve its own climate targets. It simply doesn’t add up when the Board of Executive Directors talks about a crisis, announces ever-increasing savings programs and job cuts, but still wants to pay out over 2 billion euros in dividends and benefits from government subsidies. Weiterlesen

Ladies and gentlemen, esteemed shareholders and executives of BASF,

Allow me to paint a picture for you. Imagine a nine-year-old girl, surrounded by her loving family at the dinner table—mom, dad, and older brother. They’re sharing stories and laughter, basking in the warmth of their togetherness. Then, the phone rings, shattering the tranquility. You see, that call brought news of a man—a husband, a father, a hardworking employee—called to duty to serve his employers. But instead of returning home to his family, he met a violent end, killed in cold blood and lit up in flames. His story, once one of love and dedication, was reduced to a footnote—a mere “necessary sacrifice” in the pursuit of profit and production – by Lonmin, by Sibanye-Stillwater, by BASF. Weiterlesen